Sapient Capital LLC Acquires Shares of 11,225 United Microelectronics Co. (NYSE:UMC)

Sapient Capital LLC purchased a new position in shares of United Microelectronics Co. (NYSE:UMC) in the 4th quarter, Holdings Channel.com reports. The firm purchased 11,225 shares of the semiconductor company’s stock, valued at approximately $95,000.

Several other large investors have also modified their holdings of the stock. Janiczek Wealth Management LLC raised its stake in shares of United Microelectronics by 6.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 57,633 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 3,460 shares during the last quarter. Cerity Partners LLC raised its stake in shares of United Microelectronics by 17.5% during the fourth quarter. Cerity Partners LLC now owns 162,619 shares of the semiconductor company’s stock worth $1,376,000 after purchasing an additional 24,232 shares during the last quarter. Optas LLC purchased a new stake in shares of United Microelectronics during the fourth quarter worth approximately $89,000. Sequoia Financial Advisors LLC raised its stake in shares of United Microelectronics by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 100,839 shares of the semiconductor company’s stock worth $853,000 after purchasing an additional 2,246 shares during the last quarter. Finally, BSW Wealth Partners raised its stake in shares of United Microelectronics by 50.5% during the fourth quarter. BSW Wealth Partners now owns 25,681 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 8,621 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Down 2.2 %

United Microelectronics stock opened at $7.65 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.83 and a current ratio of 2.19. The firm has a market capitalization of $19.13 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 2.10 and a beta of 1.21. United Microelectronics Co. has a fifty-two week low of $6.71 and a fifty-two week high of $8.97. The stock’s fifty day moving average is $7.98 and its two-hundred day moving average is $7.82.

United Microelectronics (NYSE:UMC) last posted its earnings results on Tuesday, January 30th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. United Microelectronics had a return on equity of 17.43% and a net margin of 27.41%. During the same quarter in the prior year, the company earned $0.25 earnings per share. Analysts predict that United Microelectronics Co. will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UMC has been the subject of several analyst reports. The Goldman Sachs Group cut United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 price target for the company. in a research note on Tuesday, January 16th. HSBC raised United Microelectronics from a “reduce” rating to a “hold” rating in a report on Thursday, January 25th.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.